0
Guest Posted 22 years ago
Essay & Composition Writing
A New Virsion Of World Economics!
i cannt count how many times i tried to pick up my encouragement to write something in English,consequently i failed to finish it on the half way for not knowing what to write the next.anyway i cannt make a ponit and continue and support it with related details all the wal until the end of the essay.this dissapoints me a lot.i donnt know if there are any good English teachers here who would like to guide me through all my problems with my writing.by the way i am from China.i would like to have everyone's suggestions and ideas that may make me be aware of where i made some mistakes.ok lets turn focus on my essay now.
The economic growth rate in the US is hanging near 5%. Growth in India is near 8% and growth in mainland China is near 9%. These are the high growth engines that will pull the world economy. It seems likely that George Bush will be re-elected in the US and growth there will consequently accelerate with further tax rate reductions. The Congress party has been elected in India on a program of higher taxes andre-nationalization of recently privatized businesses. It is unlikely that the Congress Party can actually carry out its program. For example, the election results when reported caused a stock market break of
about 15%. This declaration of no confidence caused the Congress Party to dump Sonia Gandhi and instal Singh. This process will limit the damage that the Congress Party can do to the Indian economy in much the same way thaqt market discipline limited the
damage that Bill Clinton could do to the US economyto perhaps 2-3% reduction in the rate of growth tha twould otherwise have been recorded.
It seems clear that much of the capital investment in China is actually malinvestment--investment that will never actually produce sufficient profits to pay for the investment. This malinvestment is not limited to state enterprises. Further, government power is being used
to keep industrial wages artificially low, and these low wages entice even more malinvestment. In short, a bubble has formed in Chinese industrial investment which is likely to break at some indefinate time in the future. It is notoriously difficult to predict the time that these bubbles burst. The Japanese stock market was overvalued for decades before it lost 75% of its value over twenty years--and the Japanese banking system is still working out the bad loans Western analysts routinely participate in the falsification.
That said, there is still room for enormous growth in China. There is opportunity and grave danger in China. The other countries of the world have more serious problems. All of Africa has very bad government and very bad economic policy.
The economic growth rate in the US is hanging near 5%. Growth in India is near 8% and growth in mainland China is near 9%. These are the high growth engines that will pull the world economy. It seems likely that George Bush will be re-elected in the US and growth there will consequently accelerate with further tax rate reductions. The Congress party has been elected in India on a program of higher taxes andre-nationalization of recently privatized businesses. It is unlikely that the Congress Party can actually carry out its program. For example, the election results when reported caused a stock market break of
about 15%. This declaration of no confidence caused the Congress Party to dump Sonia Gandhi and instal Singh. This process will limit the damage that the Congress Party can do to the Indian economy in much the same way thaqt market discipline limited the
damage that Bill Clinton could do to the US economyto perhaps 2-3% reduction in the rate of growth tha twould otherwise have been recorded.
It seems clear that much of the capital investment in China is actually malinvestment--investment that will never actually produce sufficient profits to pay for the investment. This malinvestment is not limited to state enterprises. Further, government power is being used
to keep industrial wages artificially low, and these low wages entice even more malinvestment. In short, a bubble has formed in Chinese industrial investment which is likely to break at some indefinate time in the future. It is notoriously difficult to predict the time that these bubbles burst. The Japanese stock market was overvalued for decades before it lost 75% of its value over twenty years--and the Japanese banking system is still working out the bad loans Western analysts routinely participate in the falsification.
That said, there is still room for enormous growth in China. There is opportunity and grave danger in China. The other countries of the world have more serious problems. All of Africa has very bad government and very bad economic policy.
Top answer
Guest, I encourage you to register. aspx When asking your question or stating your problem, please continue to use good grammar and proper syntax. Capitalize the first letter of the first word in your sentence etc.
- Guest, I encourage you to register.
- aspx When asking your question or stating your problem, please continue to use good grammar and proper syntax.
- Capitalize the first letter of the first word in your sentence etc.
- With regard to your essay, your English is actually pretty good for a person learning English.
- Your major challenge appears to be organization.
Get the Weekly English Kit 📬
New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.
1 Answers
0
Guest,
I encourage you to register. http://www.EnglishForward.com/User/CreateUser.aspx
When asking your question or stating your problem, please continue to use good grammar and proper syntax. Capitalize the first letter of the first word in your sentence etc.
I encourage you to register. http://www.EnglishForward.com/User/CreateUser.aspx
When asking your question or stating your problem, please continue to use good grammar and proper syntax. Capitalize the first letter of the first word in your sentence etc.
0
Related Questions